What is Michael A. Shaffer’s GIII share ownership after this RSU grant?

After the RSU grant, Shaffer directly owns 23,694 G-III common shares, including the 4,345 newly awarded units. This figure reflects his position as reported in the Form 4, combining existing holdings with the contingent RSU award.

G-III Apparel (GIII) director Shaffer awarded 4,345 RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Shaffer Michael A reported acquisition or exercise transactions in this Form 4 filing.

G-III Apparel Group director Michael A. Shaffer received a grant of 4,345 restricted stock units, each representing one share of common stock. The award was made at no cash cost to him and is structured as equity compensation rather than an open-market purchase.

The RSUs will cliff vest on June 11, 2027, if he continues serving as a director through that date. Following this grant, Shaffer directly holds 23,694 shares of G-III common stock, including the newly granted units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shaffer Michael A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, Par Value $.01 Per Share	4,345	$0.00	--

Holdings After Transaction: Common Stock, Par Value $.01 Per Share — 23,694 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSUs granted: 4,345 units Grant price per unit: $0.00 per share Shares after transaction: 23,694 shares +1 more

4 metrics

RSUs granted 4,345 units Restricted stock units awarded on June 11, 2026

Grant price per unit $0.00 per share Equity compensation, no cash paid by director

Shares after transaction 23,694 shares Total direct holdings following RSU award

RSU vesting date June 11, 2027 Cliff vesting, subject to continuous board service

Key Terms

restricted stock units ("RSUs"), cliff vest, continuous service

3 terms

restricted stock units ("RSUs") financial

"Consists of restricted stock units ("RSUs") each representing a contingent right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

cliff vest financial

"The RSUs will cliff vest on June 11, 2027, subject to the Participant's continuous service"

A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.

continuous service financial

"subject to the Participant's continuous service as a Director with G-III through the vesting date"

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Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 04:23 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shaffer Michael A

(Last)

(First)

(Middle)

C/O G-III APPAREL GROUP, LTD.

512 SEVENT AVE

(Street)

NEW YORK

10018

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
G III APPAREL GROUP LTD /DE/ [ GIII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $.01 Per Share	06/11/2026		A		4,345⁽¹⁾	A	$0	23,694	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Consists of restricted stock units ("RSUs") each representing a contingent right to receive one share of common stock of G-III Apparel Group, Ltd ("G-III"). The RSUs will cliff vest on June 11, 2027, subject to the Participant's continuous service as a Director with G-III through the vesting date.

	/s/ Michael Shaffer	06/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did GIII director Michael A. Shaffer report in this Form 4 filing?

Michael A. Shaffer reported receiving 4,345 restricted stock units as equity compensation. Each RSU represents a right to one G-III common share, granted at no cash cost, increasing his direct holdings to 23,694 shares after the award.

How many GIII restricted stock units were granted to Michael A. Shaffer?

He was granted 4,345 restricted stock units of G-III Apparel Group. These RSUs are a form of stock-based compensation and will convert into common shares only if vesting conditions are met over the specified service period.

When do Michael A. Shaffer’s new GIII RSUs vest?

The RSUs will cliff vest on June 11, 2027, if he remains a director. Cliff vesting means all 4,345 units vest at once on that date, rather than gradually over time, aligning compensation with ongoing board service.

Did Michael A. Shaffer buy or sell GIII shares in the market?

He did not buy or sell shares in the open market in this filing. The transaction reflects a grant of 4,345 restricted stock units as compensation, with a reported price per unit of $0.00 and no cash transaction involved.

What conditions apply to Michael A. Shaffer’s new GIII RSUs?

The RSUs will vest only if Shaffer maintains continuous service as a director through June 11, 2027. Until vesting, they represent a contingent right to receive G-III common shares rather than currently exercisable or tradable stock.